MTN Group will exit its operations in the Middle East to become an Africa-only-focused telecommunications operator, CEO Rob Shuter announced on Thursday.
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South African business leaders are growing increasingly concerned that the government doesn’t have the will or capacity to overcome the economic devastation wrought by the coronavirus pandemic.
MTN South Africa is feeling the impact of the lost revenue from former roaming partner Telkom, with the company’s service revenue declining by 2.5% year on year despite a strong operational performance.
MTN Group is planning to sell part or all of its R4.2-billion interest in Jumia Technologies as it looks to pay down debt and enter new markets, according to people familiar with the matter.
Samsung Electronics unveiled its latest Galaxy Note smartphone on Wednesday hoping to regain ground against rivals Huawei and Apple as the smartphone market begins to recover from its Covid-19 slump.
Cell C said on Tuesday that it is making “good progress” in what it calls a “complex recapitalisation” aimed at ensuring the financially troubled mobile operator survives the debt noose around its neck.
MTN Group is opening an application programming interface marketplace for software developers. Called Chenosis, it’s meant to allow developers and businesses to discover and subscribe to open APIs.
Eskom, which relies on coal to generate most of South Africa’s electricity, issued a request for bids to build its first battery-energy storage system, according to a newly published tender document.
Seacom will more than double the capacity on its fibre-optic network by the end of August as demand for broadband grows across Africa.
The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.